Daimler After Chrysler Looks Good, CEO Says

June 2007

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"The next years will be good," the Associated Press reported, citing company CEO Dieter Zetsche in an interview with the German daily Tagesspiegel.

"We are not thinking of a further product offensive with brand-new vehicles," he added. "We are well-placed in the breadth of our very young range of models and are now concentrating on becoming even better with the successors to individual models."

Zetsche also said Daimler now is more firmly in control of its own future.

"The risk of others exerting influence on the company, in an unwanted way, is now significantly smaller," he said.

DaimlerChrysler cut a deal last month to sell 80.1 percent of its stake in the money-losing U.S. unit Chrysler to the private equity firm Cerberus Capital Management LP.